Guideline Value

Corporate

Guideline Value for KANDHASAMY NAGAR 4TH STREET

₹1660/sq.ft.

The guideline value for Kandhasamy Nagar 4th Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1660 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1660 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kandhasamy Nagar 4th Street

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Kandhasamy Nagar 4th Street guideline value

The current guideline value of Kandhasamy Nagar 4th Street is Rs 1,660 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kandhasamy Nagar 4th Street has changed

The guideline value for Kandhasamy Nagar 4th Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 1,500 per sq.ft. In 2017, this value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by the latest revision in 2024, which set the guideline value at Rs 1,660 per sq.ft, reflecting an increase of 11% from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 11%. The jump from 2017 to 2023 resulted in a notable increase of 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, and Kandhasamy Nagar 4th Street's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Kandhasamy Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value would be Rs 16,60,000. The stamp duty at 7% would amount to Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total fees together to Rs 1,49,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandhasamy Nagar 4th Street?

The Sub Registrar Office that covers Kandhasamy Nagar 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vanagaram

The guideline value is a crucial factor during the registration of property transactions in Vanagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kandhasamy Nagar 4th Street?

The current guideline value of Kandhasamy Nagar 4th Street is Rs 1,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,660 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in subsequent years.

What is the stamp duty rate for properties in Kandhasamy Nagar 4th Street?

The stamp duty rate for properties in Kandhasamy Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kandhasamy Nagar 4th Street located?

The Sub Registrar Office for Kandhasamy Nagar 4th Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the significance of the guideline value in property transactions?

The guideline value serves as a minimum benchmark for property registration in Vanagaram. It is used to calculate the stamp duty and registration fees, ensuring that all transactions are recorded accurately and transparently in government records.